 Withdrawing from an ATM? |
| Is it possible to withdraw from your checking account at an ATM that doesn't have sufficient funds? How much will it cost me to overdraft? But I have the intent paying back the bank in less ... |
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 Credit Card Numbers? |
| How can one use credit card number if I give him / her away mine without the actual card ? If you can not sweep the card at the register, my card is safe right? If not, how can I track down who is ... |
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 Does my address go against my credit score? |
If a previous occupant has a poor credit history, will this affect my credit score?
Additional Details
If a previous occupant has a poor credit history, will this affect my credit score?<... |
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 Can somebody use my credit card even if he doesn't have my credit card? |
| but when I give him my credit card number can he still use my credit card with it to pay something?... |
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| I owe on my car, can they freeze my bank account? |
| I owe soo much on my account in SC for my car that they will not accept a payment arrangemant or defer a payment. I am saving to by me a used car for no more then 3500.00 dollars. Then I am going to ... |
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 I have horrible credit and would like to get a credit card? |
| I was told that if you have a credit card with a high limit and only use 10-30 % of it that will raise you score drastically. Does anyone know of any companies that will give credit cards to poeple ... |
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 If I die, will my husband inherit my student loan and credit card debt? |
Additional Details
The reason I ask is that we are looking into buying life insurance and wanted to know what each of us would be liable for so that we know how much life insurance we ... |
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 Will it help my credit score to finance a car and to pay it off immediately? |
| I am trying to build credit so that my husband and I can get a homeloan. I am used to live within my means and to save until I can afford to buy what I need. I have enough money to buy a car in cash. ... |
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 Can adding a person who has bad credit on my credit card help them improve their credit in the long run? |
can adding a person who has bad credit on my credit card help them improve their credit in the long run? do the credit report agency count that?
please reference any sources you may know ... |
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 Credit Cards??? Please Help...? |
Okay so I am trying to get my first credit card... I want to build up good credit considering I currently have NO credit...
My problem is that I have applied for a couple of credit cards and got ... |
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 Payday loan advise? |
| My husband and I defaulted on a payday loan and now the company called us and told us that it was bank fraud. does anyone know if they are just throwing out "big words" at me or are they ... |
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 How soon after an account has gone into collections were you issued a judgement? |
| I have an account on my cred. report. Last date of activity was October 2002. It is listed under the collections area of my report - and it is listed as a 'current delinquency'. I get a ... |
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 Halifax are crap? |
| my other half had a account with halifax. he used his halifax card to pay aol through direct debit. we was getting a really crap service from aol so we went into the bank and asked one of the guys ... |
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pink_me | Which Credit Cards to Close? |
I'm working on downsizing my debt, and I've done well in my opinion over the last 8 months or so. Several of my credit cards (I know I shouldn't even have this many open) have zero balances. I'm not worried about the temptation of using them because I've been good with that. I know this is a subject of controversy, but should I close some just to simplify things, or leave them open for credit history? My fiance and I will not be buying a house for at least 4 more years (when we're both done with grad school and can figure out where we'll be looking for long-term jobs). No other big purchases, i.e. car, as we did that last fall. Here's the deal with my credit cards:
Retail Store Cards
$500 limit, opened July 2003
$850 limit, opened May 2003
$1000 limit, opened April 2003
$200 limit, opened July 2001
$400 limit, opened December 2001
General Credit Cards
$1500 limit, opened March 2004,
-->10.99% interest rate after promotional 0% ends July 2007
$2000 limit, opened May 2006 |
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Rich Z
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I used to think that keeping old cards open was a plus for credit score. However I was told by the loan department of Sovereign Bank that when they evaluate a loan applicant they add up the total amount of credit available on all open credit cards and count that as debt. Then when they take the ratio of assets to debts you lose big-time for having those unused credit cards open. They said they don't care whether you are currently using any of that card's debt potential - just the fact that it exists is a red flag that they use to deny loans.
The cards you cancel still stay on your credit report for years so creditors will be able to look and see that you had credit. But having them marked as "canceled at customer's request" is the best thing they can say. |
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Amanda H
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If you want to close any, close your most recent cards only. Definitely DO NOT close the two 2001 cards-- those are your longest history cards.
7 cards total is not detrimental to your score. |
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Southern Belle
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I've heard you can be penalized by having credit cards with too low limits. I've also heard you should have no more than 2-3 cards max, and having more will hurt your credit.
I would get rid of all but one retail card, and keep the general credit cards. And, don't open any more accounts if possible.
Congrats on the downsizing! |
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sevensisters808
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Please dont close any of your cards! These limits are low and each account is over 2 yrs old, it would hit your FICO scores badly if you decided to close them. The card with the 2000 limit should remain open as well, even if you just opened it. In 4 yrs when you want to buy a house, it would be over 4 yrs old.
What you neglected to tell us was what are the current debts on the cards? If your total debt is below 30% of your combined credit, your fine, but if you can get them lower that would be great too. Can you pay them off all (if not how many months will this take for you to do?) If you can keep most of the cards at a zero or a balance that is no more than 10% of the credit limit, your fine. In fact having a little debt is beneficial to your FICO scores.
You dont have much of a problem here, unless your tempted to rack up charges on these accounts (if so, cut up the cards and leave the accounts open)
check out Creditboards.com. This site has a wealth of information about credit |
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serialmom12
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If you close a credit card account, your score drops significantly. Just pay the off and leave them at a zero balance. |
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buzz kill
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close the one that you pay the highest rate on |
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marlenekay4
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leave them open for credit reasons. Use them once in awhile for small balances then pay off immediately. |
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Andrew
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You can close some of them. The problem with having too much available credit is that it can affect your debt-to-earnings ratio. Should you decide to, for example, buy a house, the lenders look at how much credit you can access at any given time. I think I would reduce the number of retail store credit cards in favor of keeping the general credit cards. Most of those department store cards take visa/mastercard and discover. |
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Mariposa
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Keep your oldest card since part of your score is the average age length of your credit. Just watch what you spend on your older accounts since another part of your score is how much of your available credit you are using. For example, spending $200 a month on your $200 card will have a more negative mark than spending $200 on your $2000 limit. In one case, you are using 100% of your credit, on the other card, you are only using 10% (which is really good). |
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